dentalcorp (TSE:DNTL) Trading 31.2% Higher - Still a Buy?

Key Points

• dentalcorp Holdings Ltd.'s share price surged by 31.2% during trading, reaching C$10.88, with a volume increase of 2,262% compared to its average session.
• The company announced a quarterly dividend of $0.025, with a yield of 0.9%, set to be paid on October 21st.
• dentalcorp has a market capitalization of C$2.16 billion and notable financial ratios, including a P/E ratio of -47.22.

Shares of dentalcorp Holdings Ltd. (TSE:DNTL - ) traded up 31.2% during mid-day trading on Friday . The stock traded as high as C$10.88 and last traded at C$10.86. 5,770,307 shares were traded during mid-day trading, an increase of 2,950% from the average session volume of 189,217 shares. The stock had previously closed at C$8.28.

dentalcorp Stock Performance

The company has a debt-to-equity ratio of 78.72, a quick ratio of 1.04 and a current ratio of 1.19. The firm's 50 day moving average is C$8.15 and its 200-day moving average is C$8.20. The firm has a market cap of C$2.17 billion, a price-to-earnings ratio of -47.43, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38.

dentalcorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Thursday, October 2nd will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.9%. dentalcorp's payout ratio is presently -21.74%.

About dentalcorp

Dentalcorp Holdings Ltd is engaged in acquiring dental practices and providing health care services in Canada. It recognizes revenue for the provision of dental services that are rendered to patients by Partner dentists and dental practitioners contracted by the Professional Corporations and health care services rendered by employees or contractors of the company.

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